The parent company of Porterville-based Bank of the Sierra will pay shareholders a 10-cent dividend based on the company’s performance in the fourth quarter of 2014.
The board of directors of Sierra Bancorp declared the dividend Friday. The cash dividend is an increase from the 9-cents-per-share dividend paid by the company in November, and represents the 64th consecutive quarter in which Sierra Bancorp has paid a cash dividend.
The dividend will be paid Feb. 12 to shareholders of record as of Jan. 29.
The company is traded on Nasdaq under the stock symbol BSRR. Sierra Bancorp shares closed Friday at $15.82 per share, up 3.94% from Thursday’s closing price.
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The bank’s board cited the fourth-quarter financial results, including growth in loans and deposits following Sierra Bancorp’s acquisition of Ventura County-based Santa Clara Valley Bank last fall.